Tesla to get over $330 million in tax abatement from Nevada
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Tesla (TSLA) recalls 3,470 Model Y EVs
March 6, 2023 7:52 AM ESTThe National Highway Traffic Safety Administration (NHTSA) reported over the weekend that electric vehicle maker, Tesla Inc. (NASDAQ: TSLA) has issued a recall notice for 3,470 Model Y vehicles in the U.S. built between 2022-2023.
According to the NHTSA report, bolts in the second-row seats may be loose.... More
Tesla (TSLA) cuts Model S and Model X prices in U.S.
March 6, 2023 7:25 AM ESTAccording to Teslas (NASDAQ: TSLA) website over the weekend, the electric vehicle company decided to cut prices on its two most expensive electric vehicles in the United States. The cuts come just days after Chief Executive Elon Musk said recent price cuts on other models had stoked demand.
These most recent price cuts... More
Jefferies raises price target on Tesla (TSLA)
March 6, 2023 6:52 AM ESTJefferies reiterated a Buy rating on Tesla (NASDAQ: TSLA) and raised the price target on the stock to $230.00 (From: $180.00) following the electric vehicle makers 2023 investor day.
After a harrowing H2, the Austin investor day demonstrated Tesla remains very much a "Day 1" company. Analyst Philippe Houchois wrote in a note.... More
Morgan Stanley questions how competition can keep up with Tesla (TSLA); Reiterates Outperform
March 3, 2023 7:24 AM ESTMorgan Stanley reiterated an Outperform rating and $220.00 price target on Tesla (NASDAQ: TSLA) following the electric vehicle makers 2023 investor day.
The company revealed their master plan 3 with vertical integration and new technologies to support CEO Elon Musks dream of creating a sustainable energy economy. However, vertical integration efforts only pay off if you manufacture at an extraordinarily high scale (1mn-2mn units per model, >1mm units per factory).
Analyst, Adam Jonas wrote in a note, The word 'petawatt'... More
Tesla (TSLA) sold 74,402 China-made EVs in February
March 3, 2023 7:07 AM ESTAccording to China Passenger Car Association (CPCA) data released on Friday, electric vehicle maker, Tesla (NASDAQ: TSLA) sold 74,402 China-made electric vehicles (EV) in February, up 31.65% from a year earlier and 12.6% QoQ.
Tesla had planned to run its Shanghai plant at an average weekly output rate... More
